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UAE stablecoin issuer gets greenlight, FTX customers sue hedge fund: Law Decoded

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While the UAE central bank has given a significant regulatory nod to a new stablecoin, an FTX customer sued hedge fund Olympus Peak over its alleged profits from the exchange’s meltdown.

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JPMorgan to launch tokenized money market fund for stablecoin issuers

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JPMorgan’s filing comes nearly three weeks after rival investment bank Morgan Stanley launched its own money market fund, the Stablecoin Reserves Portfolio.

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Bermuda to transition ‘key’ financial services to Stellar blockchain

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Bermuda Premier David Burt announced several crypto-related initiatives to bring the island nation closer to the industry, including accepting and investing in digital assets and on-chain financial services.

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Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

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The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence.

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